Again, tight(er) trading ranges again on Wednesday as the market continues to IMHO prepare for Friday's and Monday's expirations. Monday being a quarterly expiration with the rolling of the JPM collar. Both the ES and NQ continue to make new highs - ATHs in the ES. My expectation for the next few sessions is for the upside to continue but it will likely be in a rolling fashion -- in other words, capital will flow between classes and individual stocks which will affect ETF's, futures and indexes. I also discuss what comes next for both indexes once the "short term" top is reached.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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